LONDON, April 5, 2002 (PRIMEZONE) -- In the preliminary announcement by Old Mutual plc (LSE:OML) of its results for the year ended December 31, 2001 published on February 25, 2002, the company announced a recommended final dividend of 3.1p per share or its equivalent in other currencies of payment.
The local currency equivalents of the proposed dividend have now been established, using the exchange rates prevailing on April 4, 2002, as follows:
South Africa 50.05 South African cents per share Malawi 3.3495 Malawi Kwacha per share Namibia 50.05 Namibian cents per share Zimbabwe 2.4645 Zimbabwean dollars per share
Subject to being approved by shareholders at the Annual General Meeting on May 17, 2002, the final dividend will be paid on May 31, 2002.
The record date for this dividend payment is April 19, 2002 for all the exchanges where Old Mutual shares are listed. The ex-dividend date on the London Stock Exchange is the opening of business on Wednesday, April 17, 2002.
In accordance with the settlement procedures of STRATE, Old Mutual has determined the last day for trading to participate in the final dividend to be Friday, April 12, 2002 for shares traded through the JSE Securities Exchange South Africa. The ex-dividend date on the JSE Securities Exchange South Africa and also on the Malawi, Namibian and Zimbabwe Stock Exchanges will be the opening of business on Monday, April 15, 2002.